The Japan Bank for International Cooperation will lend $600 million to help Mexico’s state-owned Petroleos Mexicanos (Pemex) develop oil and gas fields in the Chicontepec Basin, northeast of Mexico City.
Some of the gas produced there will be supplied to the thermal power stations of Mexican-based independent power producers owned by Japanese trading houses. read more
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Mexico is a country rich in natural resources and beauty. Why does it remain a third world country? Why can’t the government get control of the country?